Day of panic as war in Iran wipes $80 billion off the market
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Source: The Age
Published: 2026-03-09 05:20 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Health, Middle East, Military & Defence, Australia, Iran, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
The global economy is facing its biggest shock since the depths of the pandemic after oil prices soared to $US116 a barrel and $80 billion was wiped from the Australian sharemarket with fears the war against Iran could plunge the United States into recession.
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